Minsky’s Moment: An Insider’s View on the Economics of Hyman Minsky (New Directions in Modern Economics series) - Hardcover

Ferri, Piero

Hardcover

ISBN 10: 1788973720 ISBN 13: 9781788973724

Publisher: Edward Elgar Publishing, 2019

Synopsis

Based upon his life-long collaboration with Hyman Minsky, Piero Ferri explores and reconsiders Minsky's moments in the aftermath of the 'Great Recession' of 2008. He sets out the analytical and methodological foundations of Minsky's financial instability hypothesis, offering insightful comments from a unique insider s perspective.

This book stresses the necessity of including what has been recently discovered about Minsky's financial instability hypothesis into his lifelong research program, in order to obtain a more complete picture of both his vision and his analytical apparatus. It seeks to move beyond a discussion of Minsky's original ideas, to verify how they are capable of meeting the challenges derived from the modern evolution of the economy. Developing a meta-model based on regime switching, Piero Ferri examines how the different financial instability hypotheses can be accounted for.

Researchers and advanced students in macroeconomics and finance will greatly benefit from the exploration of how Minsky predicted the 'Great Recession', and why his work is of fundamental relevance today. Economic policy makers will also find this book to be a useful tool in discovering methodological innovations to aid further financial recovery from the 2008 economic crisis.

About this title

About the Author

Piero Ferri, Professor Emeritus of Economics, University of Bergamo, Italy

Edition details

• Publisher: Edward Elgar Publishing
• Publication date: 2019
• Language: English
• ISBN 10: 1788973720
• ISBN 13: 9781788973724
• Binding: Hardcover
• Number of pages: 264